Teck Resources Ltd lower today, after setting a new 100-day high

screenshot-www theglobeandmail com 2016-03-08 06-50-26

Teck Resources Ltd is sharply lower today, dropping $0.36 or 3.35% to $10.39 after setting a new 100-day high. Over the last five days, shares have gained 30.53% and 94.57% year to date. Shares have underperformed the S&P TSX by 32.22% during the last year.

Source: http://www.theglobeandmail.com/

 

Teck Announces LNG Haul Truck Pilot Project

a008lnga2

 

 

 

 

 

 

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Dec. 9, 2015)

Teck Resources Limited (TSX:TCK.A) (TSX:TCK.B) (NYSE:TCK) is piloting the use of liquefied natural gas (LNG) as a fuel source in six haul trucks at its Fording River steelmaking coal operation in southeast B.C. – marking the first use of LNG as a haul truck fuel at a Canadian mine site.

The use of blended LNG/diesel fuelled haul trucks has the potential for significant environmental benefits and cost savings. LNG produces virtually no particulate or sulphur dioxide emissions and reduces Greenhouse Gas (GHG) emissions by up to 20 percent in comparison to diesel alone. There is the potential to eliminate approximately 35,000 tonnes of CO2 emissions annually at Teck’s steelmaking coal operations and potentially reduce fuel costs by more than $20 million annually by adopting LNG and diesel hybrid fuel across the operations. FortisBC is transporting and supplying LNG to the mine site and is making a financial contribution towards the pilot.

The pilot is one of the steps Teck is taking to achieve its long-term target to reduce annual GHG emissions by 450,000 tonnes at its operations by 2030. To date, Teck has reduced annual emissions by 170,000 tonnes as the result of initiatives implemented since 2011.

“LNG is a fuel source that has the potential to lower costs, significantly reduce emissions and improve environmental performance at our operations,” said Don Lindsay, President & CEO, Teck. “We are committed to minimizing our own carbon footprint while at the same time continuing to provide the mining products that are essential to building a modern, low-carbon society.”

“Like British Columbia, Teck is a global leader in finding innovative ways to reduce GHG emissions while continuing to create opportunity,” said Premier Christy Clark. “It’s a concrete example of the difference clean-burning LNG can make in the fight against climate change.”

Teck, with support from FortisBC, has upgraded the Fording River Operations truck maintenance shop, provided engine conversion kits, installed fuelling facilities and implemented a comprehensive safety program in advance of the pilot.

“Teck is demonstrating leadership by adopting natural gas as a cleaner and more cost-effective fuel solution for their operations,” said Michael Mulcahy, President and CEO, FortisBC. “LNG, as a vehicle fuel source, provides both an economic and environmental benefit to industry in our province. Today’s announcement further builds on the diversity of the more than 400 natural gas-fuelled vehicles in British Columbia.”

The pilot is expected to run until mid-year 2016 and will provide more information about the potential of using LNG more broadly across Teck’s haul truck fleet, creating the opportunity for further fleet conversions to LNG in the future.

Cautionary Statement on Forward-Looking Information

This press release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (Ontario). Forward-looking statements and information can be identified by the use of words such as “potential”, “target”, “is expected”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” “might” or “will” be taken, occur or achieved. Forward-looking statements include statements regarding the potential for significant environmental benefits and cost savings, expectations regarding CO2 emission elimination, cost reductions and improved environmental performance.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Teck to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that may cause actual results to vary include, but are not limited to, unexpected operational issues in the pilot program, unexpected efficiency or reliability issues with the blended LNG/diesel system that lead to reduced LNG usage or the increase in the cost of LNG to our sites beyond projected levels. CO2 emission reductions are based on assumptions regarding the amount of diesel consumption that will be replaced by LNG as well assumptions regarding the efficiency of LNG combustion in the process, among other assumptions. Cost reduction expectations are based on assumptions regarding the price of oil, the cost of LNG and the level at which LNG will replace diesel consumption. Certain of these risks are described in more detail in the annual information form of Teck and in its public filings with Canadian securities administrators and the U.S. Securities and Exchange Commission.

About Teck

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK. Learn more about Teck at www.teck.com or follow @TeckResources.

 

 

Citigroup Inc. Trims Teck Resources Ltd (TCK.B) Target Price to C$6.00

December 1st, 2015

Teck Resources Ltd (TSE:TCK.B) had its price target dropped by stock analysts at Citigroup Inc. from C$9.00 to C$6.00 in a note issued to investors on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “neutral” rating on the stock.

Other research analysts have also recently issued research reports about the company.

Credit Suisse reduced their price objective on Teck Resources from C$17.00 to C$13.00 in a research report on Monday, September 21st.

CSFB cut their price target on Teck Resources from C$17.00 to C$13.00 in a report on Monday, September 21st.

Scotiabank dropped their price objective on Teck Resources from C$14.00 to C$10.00 in a research note on Tuesday, September 29th. dropped their price target on Teck Resources from C$11.50 to C$11.00 in a research note on Wednesday, October 21st.

Finally, National Bank Financial decreased their price objective on Teck Resources from C$11.50 to C$11.00 in a research report on Wednesday, October 21st.

Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Teck Resources presently has a consensus rating of “Hold” and a consensus target price of C$12.29.

Source: Citigroup Inc. Trims Teck Resources Ltd (TCK.B) Target Price to C$6.00 – American Banking News

Teck Resources Ltd stock closed sharply lower Monday

Teck Resources Ltd closed sharply lower Monday, dropping $0.27 or 4.66% to $5.53. Over the last five days, shares have lost 10.66% and are down 65.18% for the last year to date. This security has underperformed the S&P TSX by 60.83% during the last year.

Source: Stock Quote – The Globe and Mail

Company Shares of Teck Resources Ltd (NYSE:TCK) Drops by -14.47% | News Watch International

Nov 16, 2015

Teck Resources Ltd (NYSE:TCK) has lost 14.47% during the past week and dropped 28.86% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 11.25%. Teck Resources Ltd (NYSE:TCK) has underperformed the index by 28.5% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Teck Resources Limited has dropped 33.86% during the last 3-month period . Year-to-Date the stock performance stands at -65.85%.The company shares have dropped 71.54% in the past 52 Weeks. On November 21, 2014 The shares registered one year high of $17.88 and one year low was seen on September 28, 2015 at $4.39. The 50-day moving average is $5.86 and the 200 day moving average is recorded at $8.61. S&P 500 has rallied 0.9% during the last 52-weeks.

Teck Resources Ltd (NYSE:TCK) witnessed a decline in the market cap on Friday as its shares dropped 2.33% or 0.11 points. After the session commenced at $4.74, the stock reached the higher end at $4.77 while it hit a low of $4.51. With the volume soaring to 6,498,889 shares, the last trade was called at $4.61. The company has a 52-week high of $17.88. The company has a market cap of $2,656 million and there are 576,200,000 shares in outstanding. The 52-week low of the share price is $4.39.

Teck Resources Ltd (NYSE:TCK): 11 analysts have set the short term price target of Teck Resources Ltd (NYSE:TCK) at $8.25. The standard deviation of short term price target has been estimated at $2.17, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 12 and $4 respectively.

Institutional Investors own 47.89% of Teck Resources Ltd shares.

Teck Resources Limited (Teck) is engaged in exploring for, developing and producing natural resources. Tecks activities are organized into business units focused on copper, coal, zinc and energy. The Companys principal products are copper, steelmaking coal and zinc. Lead, molybdenum, silver and various specialty and other metals, chemicals and fertilizers are also produced at its operations. The Company owns a 20% interest in the Fort Hills Energy Limited Partnership, which is developing the Fort Hills oil sands project in Alberta and a 50% interest in the Frontier/Equinox project and other oil sands leases in the Athabasca region of Alberta, Canada. The Company also explore for gold. In April 2012, its wholly owned subsidiary acquired all of the outstanding shares of SilverBirch Energy Corporation. In November 2013, Tembec Inc sold approximately 7,150 hectares of land located within the Regional District of East Kootenay, British Columbia, to Teck Resources Ltd.

Source: Company Shares of Teck Resources Ltd (NYSE:TCK) Drops by -14.47% | News Watch International